This Just In: Senators extend, expand homebuyer’s tax credit

by Ben Martin, blogmaster emeritus on October 28, 2009

UPDATED: The bill must still be voted upon by the full Senate, be reconciled with the House and be signed by the President. More details here.

NAR's lobbying efforts succeed yet again. Today US Senators passed a measure extending the first time homebuyer's tax credit. Additionally, a reduced credit of $6500 is available to move-up buyers who have lived in their current homes for five years or more. The credit applies to those who sign sales agreements by April 30, 2010.

{ 1 comment… read it below or add one }

Rebecca Grossman October 29, 2009 at 10:53 am

I think this message is misleading and premature. This is in no way a done deal.

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